Ugro Capital Limited has announced the allotment of 3,89,183 equity shares, each with a face value of ₹10, to holders of Compulsorily Convertible Debentures (CCDs) who have exercised their conversion rights.

This allotment is a consequence of the capital raise of ₹534.64 crore undertaken in October 2025, through the issuance of CCDs via preferential allotment. Each CCD was convertible into one equity share at a conversion price of ₹185, including a premium of ₹175 per share.

The Securities Allotment & Transfer Committee of the Board of Directors approved this allotment on January 12, 2026, through a resolution passed by circulation. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company.

Following this allotment, the company's issued, subscribed, and paid-up equity share capital has increased from 15,47,06,753 equity shares to 15,50,95,936 equity shares, with the total amount rising from ₹1,54,70,67,530 to ₹1,55,09,59,360.